The UK housing market is preparing for adverse conditions as rising borrowing costs add to the cost of living crisis, according to Bloomberg. Mortgage lenders are following the Bank of England, raising interest rates from historically low levels. This makes owning a home more expensive at a time when prices of everything from energy to […]
Tag: United Kingdom
United Kingdom: Manufacturing PMI highest in April
British manufacturing moved higher in April in the UK after slowing to a one-year low in March following Russia’s invasion of Ukraine, but companies are wary of the prospects as costs jump and demand falls. S&P Global / CIPS manufacturing PMI rose 55.8 points in April from a 13-month low of 55.2 in March, a […]
Northern Ireland: A six-point lead for Sinn Féin just days before the election
Sinn Féin maintains a six-point lead less than a week before the Northern Ireland election, according to a poll released today, as it seeks to become the first Irish nationalist party to win the most seats in its local parliament under British province sovereignty. Support for Sinn Fein, which Northern Ireland wants to leave the […]
Conservative leader: A change of leadership in the UK now would be detrimental
A change of leader in the UK would now be “seriously detrimental to the country”, said the chairman of the ruling Conservative Party, as calls for the resignation of Prime Minister Boris Johnson continue. Oliver Dowden told Sky News that he expects Johnson to lead the party in the next parliamentary elections, which are expected […]
GBP/USD falls to 1.5-year lows after disappointing UK Services PMI
The UK manufacturing PMI is up a tenth in April, rising to 55.3 points from 55.2 in March, improving the estimated 54 points. The services PMI has dropped to 58.3 points from 62.6 the previous month, standing at a three-month low. In addition, the indicator has not reached the 58.3 points expected by the market. […]
Britain’s Johnson to meet with Monty in India to discuss trade
British Prime Minister Boris Johnson will travel to India this week on a much-delayed trip to boost trade with the world’s seventh-largest economy and boost defense cooperation. Johnson will begin his trip on April 21 from the western Indian city of Ahmedabad, the capital of the state of Gujarat, and then meet with Prime Minister […]
Britain-poll: Johnson wants 2/3 if fined again
Nearly two-thirds of Britons say Prime Minister Boris Johnson should step down if he is fined more for breaking the pandemic, according to a new Times poll, signaling a possible further deterioration in support for the leader. of the effects of the “partygate”. Johnson and others, including Finance Minister Risi Sunak, were fined by police […]
United Kingdom: Real estate market shows no signs of slowing down
The UK housing market is showing no signs of slowing down during the spring, with a large number of buyers and citizens optimistic that they can buy or sell within a quarter, according to new data from OnTheMarket. Recording more than 120,000 consumer responses, the sentiment of the consumer index found that 75% of active […]
The annual CPI rises to 7% in March, its highest level since 1992
The Consumer Price Index (CPI) increased by 7.0% year-on-year in March, compared to 6.2% in February. This is the highest 12-month inflation rate in the National Statistics series, which began in January 1997. It is also the highest rate in the historical modeled series since March 1992, when it was 7.1%. The figure has exceeded […]
The ILO unemployment rate falls to 3.8% in February, its lowest level since 2019
The Unemployment claims in the United Kingdom have fallen by 46,900 in the month of March, after falling by 48,100 in February. This is the thirteenth consecutive month of reduction in unemployment in the country. The February’s ILO unemployment rate has dropped by one tenth to 3.8% from the previous 3.9% expected by the market. […]